29 March 2024
Shah Deniz II safe from US sanctions – for now
Publication date: 02 February 2012
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Proposed sanctions against Iran currently being drafted by US lawmakers are in danger of complicating the development of the Shah Deniz phase II gas development in the Caspian Sea, in which Iran’s Naftiran Intertrade Co (NICO) holds a 10% stake. The project looks likely to be protected from sanctions in the short-term, but longer-term uncertainties remain.